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Mar 19, 2013
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heavily regulated by the government, though. and the auto industry, ford, gm and chrysler forced out the rivalries, but then had to deal with international competition which destroyed the dominance of the big three. but the rental car companies, they don't have to worry about foreign competitors. this industry is tied to economic activity capacity and both are going in the right direction for the likes of hertz and avis with a stronger economy boosting demand and reduced capacity that allows them to boost prices. aided by an east coast storage rental cars from superstorm sandy. with 94% of the industry in the pocket of the top three players, they don't have to worry about nasty things like price wars. who try to gain market share by undercutting the big boys. those smaller operators are gone! pretty much. this is a beautiful oligopoly. the businesses are in great shape. what do we do? we can't buy enterprise, privately held, and staying that way. so the choice is between hertz and avis. since the beginning of the year, the stock
heavily regulated by the government, though. and the auto industry, ford, gm and chrysler forced out the rivalries, but then had to deal with international competition which destroyed the dominance of the big three. but the rental car companies, they don't have to worry about foreign competitors. this industry is tied to economic activity capacity and both are going in the right direction for the likes of hertz and avis with a stronger economy boosting demand and reduced capacity that allows...
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Mar 21, 2013
03/13
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i say this is a big government, unprecedented power grab. it's paving the way, by the way, to a national sales tax. i truly believe that. but let's talk with our guests. back with us, grover norquist and gary shapiro, who is among the bill's supporters. i begin with you. >> first of all, let me correct what you said. it is not a new tax. this is not even a tax. this tax is owed by every american. >> this is a mandate by the tax to have all interstate mandates paid. the interstate bothers me, too. >> if it's unconstitutional, it is unconstitutional. i don't think it is. when you buy something in new york or new jersey, you as consumer on the internet are obligated to report to the state the tax that should be paid. >> in the state. >> in the state you're in. >> all right. >> the truth is most americans are not doing that. >> but this is not what that's doing. this is going out of states. this is crossing states, is it not, grover? >> all politicians fantasize about the idea of having a tax where they can take money from people who don't get t
i say this is a big government, unprecedented power grab. it's paving the way, by the way, to a national sales tax. i truly believe that. but let's talk with our guests. back with us, grover norquist and gary shapiro, who is among the bill's supporters. i begin with you. >> first of all, let me correct what you said. it is not a new tax. this is not even a tax. this tax is owed by every american. >> this is a mandate by the tax to have all interstate mandates paid. the interstate...
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Mar 26, 2013
03/13
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>> the government of monaco is a partner in this building, which is why they were allowed to build it so tall. there's no other building in monaco even close to it. they had a ban on tall buildings since the 1970s. the reason this is so special, the government was part of it and they're building it 49 stories towers above anything else in monaco. >> this is an investment only an ultra-rich, but the pool of ultra-rich is expanding. >> you look at the towerers, 157, which is the equivalent here in manhattan, you know, all these trophy towers are just selling out. it's amazing. >>> we'll come back to all of you. we have to take a break. the winner of sunday's powerball jackpot is holding a new conference. he won, if you're not aware, $338 million. let me repeat that, $338 million, and that is the check. i'm assuming the tax is 50%? >> yeah, but it's better taxwise to take it as a one lump-sum payment, and he's not going to put it in cyprus. >> good one. >>> okay. better off at a jpmorgan -- >> he did look happy, i have to say. >> if you would talk to robert frank, you would realize how l
>> the government of monaco is a partner in this building, which is why they were allowed to build it so tall. there's no other building in monaco even close to it. they had a ban on tall buildings since the 1970s. the reason this is so special, the government was part of it and they're building it 49 stories towers above anything else in monaco. >> this is an investment only an ultra-rich, but the pool of ultra-rich is expanding. >> you look at the towerers, 157, which is the...
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Mar 20, 2013
03/13
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so the government's got to do something. maria, back to you. >> michelle, the options here are just extraordinary. michelle caruso-cabrera on the ground right now in cyprus. thank you so much. the cypriot government is looking for any alternative it can find, rather than accept that eu proposal. earlier today, cyprus' finance minister was in moscow meeting with his russian counterpart. hays trying to get a new loan while extending a current loan with more favorable terms. he walked away from the meeting without a deal. he says he'll stay in moscow, though, to continue these negotiations. george theo krooets is with cyprus international institute of management. he says the demands being imposed on cyprus are unfair. good to have you on the program, sir. thank you for joining us. >> yes, thank you for inviting me. >> so what is the me think sent when cyprus would rather negotiate and deal with russia rather than the eu? what's the message that the cypriot officials would rather negotiate with russia than the eu? >> look, i mea
so the government's got to do something. maria, back to you. >> michelle, the options here are just extraordinary. michelle caruso-cabrera on the ground right now in cyprus. thank you so much. the cypriot government is looking for any alternative it can find, rather than accept that eu proposal. earlier today, cyprus' finance minister was in moscow meeting with his russian counterpart. hays trying to get a new loan while extending a current loan with more favorable terms. he walked away...
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Mar 19, 2013
03/13
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my cordial greetings go to the heads of states and governments, the members of delegations throughout many countries in the world and a diplomatic core. in the gospel, we heard that joseph did as the angel of the lord commanded him and took mary as his wife. these words point to the mission which god entrusts to joseph. he is to be the protector. the protector of whom? of mary and jesus. but this protection is extended to the church as john paul ii pointed out. just as st. joseph took loving care to mary. he like wise watches over christ's mystical body, the church of which is virgin mary is the model. how did joseph exercise his role as protector? discreetly, humbly and silently, with an unfailing presence of total fidelity, even when he finds it hard to understand. from the time of his betrothal to mary and the finding of the 12-year-old jesus in the temple of jerusalem, he is there every moment with loving care, as the spouse of mary, he is at her side in good times and bad. on the journey to bethlehem for the senses and in the joyful hours when she gave birth. amid the drama of th
my cordial greetings go to the heads of states and governments, the members of delegations throughout many countries in the world and a diplomatic core. in the gospel, we heard that joseph did as the angel of the lord commanded him and took mary as his wife. these words point to the mission which god entrusts to joseph. he is to be the protector. the protector of whom? of mary and jesus. but this protection is extended to the church as john paul ii pointed out. just as st. joseph took loving...
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Mar 21, 2013
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getting government spending down was necessary. the tax rise was necessary. but without growth, it can't work. and it's that lack of growth which has choked off this recovery and its deficit reduction plan. he did nothing yesterday. it was just more of the same. and i think around the world people will look tech uk and say if you wanted to know whether in a country even with a floating exchange rate could cut spending as a root to growth, they used to call it expansionary fiscal contraction. dead in the water. >> chancellor, thanks very much for joining us. kelly, back to you. >> great stuff there. and it's good to see you even if it's all the way across the city. coming up, when the the fed stop easing? deutsche bank's top economists think it could be by tend of the year. we'll put some questions to him when we come back. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most r
getting government spending down was necessary. the tax rise was necessary. but without growth, it can't work. and it's that lack of growth which has choked off this recovery and its deficit reduction plan. he did nothing yesterday. it was just more of the same. and i think around the world people will look tech uk and say if you wanted to know whether in a country even with a floating exchange rate could cut spending as a root to growth, they used to call it expansionary fiscal contraction....
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Mar 21, 2013
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our biggest competitor are governments that operate airlines. and the second thing is our government needs to solve the sequester problem. >> got it. well, it's interesting that you bring this up, because this is obvious the issue that's front and center for so many corporations out there, that this dysfunction in washington. but in terms of your own investing, we talked off-camera a moment ago. you bought into a mexican company. where around the world, aside from the united states, are you seeing growth and where are you investing your money? >> we have big investments in mexico. we're an owner in aeromexico and have an exclusive partnership with them. mexico is a wonderful place to do business. balanced budgets, strong gdp, low unemployment. the second place is gal airlines in brazil, the largest domestic carrier in brazil. and we're in the process of buying 49% of virgin atlantic airways, to form a giant venture across the transatlantic. >> good to have you on the program. >> you're nice to have me. appreciate it very much. >> richard anderso
our biggest competitor are governments that operate airlines. and the second thing is our government needs to solve the sequester problem. >> got it. well, it's interesting that you bring this up, because this is obvious the issue that's front and center for so many corporations out there, that this dysfunction in washington. but in terms of your own investing, we talked off-camera a moment ago. you bought into a mexican company. where around the world, aside from the united states, are...
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Mar 19, 2013
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. >> now is the time for the iranian government to take immediate and meaningful steps to reduce tensions and work toward an enduring, long-term settlement of the nuclear issue. >> i want to bring in matt welch editor-in-chief of "reason" magazine and mckay copins. good to see both of you. >> thank you so much. the white house managing expectations, matt. what do they want out of this trip? >> i think what obama is trying to do besides serially lower expectations is talk directly to the people of israel and the palestinian authority themselves. he is going to give a talk to an informal talk at a youth center in the west bank and a talk to israeli students. he thinks if he moves around the political structure he might lay the groundwork for something that might come later and try to change hearts and minds. >> there was an interesting poll that just came out. it was a daily newspaper there. they found 38% believe he is hostile to israel. 14% think he is indifferent. only one-third believe that he is supportive. i wonder what you think is the strategy there? is it sort of like in the united
. >> now is the time for the iranian government to take immediate and meaningful steps to reduce tensions and work toward an enduring, long-term settlement of the nuclear issue. >> i want to bring in matt welch editor-in-chief of "reason" magazine and mckay copins. good to see both of you. >> thank you so much. the white house managing expectations, matt. what do they want out of this trip? >> i think what obama is trying to do besides serially lower...
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Mar 25, 2013
03/13
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. >> he and his team went to see various agencies of government and law-enforcement agencies. >> about you? >> that's what i am told -- that that's exactly what they did. >> a spokesman for perkins confirmed that, indeed, he did go to the s.e.c., the f.t.c., the justice department, and the california attorney general to complain about the tactics used in the leak investigation. >> if you have enough money and you're willing to spend enough, you can buy and sell somebody's reputation. >> and you're charging that's what he's done? >> that's is what he did. >> you're saying, if i understand you, that tom perkins set out to get you? >> he wanted me off the board. this was to get me off the board. i don't know if he ever thought through the consequences that would go beyond my getting off the board. >> well, you said he went to law enforcement. >> well -- >> that takes it another step. >> it does take it another step, and here i am today with an indictment over my head. >> are you saying he's responsible for that? >> well, i don't think i'd be sitting here today if tom had handled this diff
. >> he and his team went to see various agencies of government and law-enforcement agencies. >> about you? >> that's what i am told -- that that's exactly what they did. >> a spokesman for perkins confirmed that, indeed, he did go to the s.e.c., the f.t.c., the justice department, and the california attorney general to complain about the tactics used in the leak investigation. >> if you have enough money and you're willing to spend enough, you can buy and sell...
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Mar 20, 2013
03/13
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government back down on austerity and u.s. investors cut down to the fed's latest policy decision waiting for news from the press conference this afternoon. >>> fedex reports earnings in just a couple of hours. we'll tell you what to expect from the packaging giant and why the company sees long-term rebound for the u.s. economy. that's all coming up when we come back. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. tomorrow starts here. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat thei
government back down on austerity and u.s. investors cut down to the fed's latest policy decision waiting for news from the press conference this afternoon. >>> fedex reports earnings in just a couple of hours. we'll tell you what to expect from the packaging giant and why the company sees long-term rebound for the u.s. economy. that's all coming up when we come back. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting...
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Mar 22, 2013
03/13
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the government spokesperson came out about 15 minutes ago. he spoke 10 minutes and said almost absolutely nothing. the plan c is being written up right now by cyprus to submit to the european partners, see if they can get this one passed. we are almost 100% sure it includes the winddown in one of the weakest banks. there's protesters at the end of this street. they are worried about losing their jobs. the cash shortage here is still quite acute. gas stations are only accepting cash, the vast majority of them. they take up to 30 euros credit. no visa is a generic term for credit cards in general. i want to add something i said last hour. i absolutely believe there will not be an attempt to impose a tax on in the future when it comes to deposits. however, i think the one key lesson here is junior bondholders, senior bondholders will definitely take big losses if this goes down. and uninsured depositors will take losses. this is a big step for europe getting closer to the point where tax payers don't pick up the bills for failed states and faile
the government spokesperson came out about 15 minutes ago. he spoke 10 minutes and said almost absolutely nothing. the plan c is being written up right now by cyprus to submit to the european partners, see if they can get this one passed. we are almost 100% sure it includes the winddown in one of the weakest banks. there's protesters at the end of this street. they are worried about losing their jobs. the cash shortage here is still quite acute. gas stations are only accepting cash, the vast...
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Mar 21, 2013
03/13
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local and state governments are cutting back. that's not positive. finally, there is this misquarter evidence. federal express did blow up. it's not a good number. caterpillar is down 12%, retail sales number might not translate into weak earnings. i was prepared for cat sales to be flat, maybe up a little, not down double digits. then oracle. while oracle almost always bounces back, making my chartible stock to want to buy more, i have to believe the m e macroenvironment has gotten worse than we thought. oracle is not that bad a company. you i don't want to get too negative either what could be right? while i don't expect a grand bargain in washington, i think that's off the table, it's always possible if that happens and you're short the market, betting against it or don't have enough stock, you will be left behind. you will be crushed. you short the market we get a grand bargain, one solution, second, the brinkmanship game in europe could get resolved with some solution we don't know about yet that works out. one that is viewed as much less onerou
local and state governments are cutting back. that's not positive. finally, there is this misquarter evidence. federal express did blow up. it's not a good number. caterpillar is down 12%, retail sales number might not translate into weak earnings. i was prepared for cat sales to be flat, maybe up a little, not down double digits. then oracle. while oracle almost always bounces back, making my chartible stock to want to buy more, i have to believe the m e macroenvironment has gotten worse than...
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Mar 19, 2013
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is it these targeted policies by the government? is it generally that the central bank has been so aggressive? talking about the way foreclosures have been handled, too, which method has yielded the most successful results? >> well, i'll tell you, what has helped most is the fact that people need a house to live in. we're not talking about widgets. there is always going to be a natural demand. part of the problem and the reason this has drawed out for so long is this is a foreclosure issue. one of the things we're seeing in florida is foreclosures are down 25% for the whole country, but in 32%, foreclosures are up month over month. so we're going to see a resurgence of that and foreclosures flaring up in different regions which will affect housing and construction. so that will have appear impact on the broader economy. >> and all the more reasons why those numbers today will be important. we'll keep an eye on that. appreciate her time this morning. >>> here is a look at what u.s. futures are doing as we continue to digest the lates
is it these targeted policies by the government? is it generally that the central bank has been so aggressive? talking about the way foreclosures have been handled, too, which method has yielded the most successful results? >> well, i'll tell you, what has helped most is the fact that people need a house to live in. we're not talking about widgets. there is always going to be a natural demand. part of the problem and the reason this has drawed out for so long is this is a foreclosure...
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Mar 25, 2013
03/13
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ireland, the government of ireland did not want to bail out senior bondholders and banks. but the european central bank insisted that they do so. they were apoplectic about that idea. today they wiped out the senior bondholders. not just senior bondholders. european investors and investors in europe should be on notice as of today that you have to be more careful when you're investing in european banks and you should have known that long before the dutch finance minister said what he said today. now, here's why the cyprus situation is unique. that's when it comes to punishing uninsured depositors. cyprus's banking system is huge relative to the size of its economy. their banks are almost all entirely deposits. at least the two ones that were failing. most of the other banks in europe have a lot more junior and senior debt. big fat cushions that sit between potential losses and uninsured depositors. so the likelihood of this particular situation happening again? highly unlikely. but you're going to have to be more careful. that's the bottom line. bill? >> michelle, the ques
ireland, the government of ireland did not want to bail out senior bondholders and banks. but the european central bank insisted that they do so. they were apoplectic about that idea. today they wiped out the senior bondholders. not just senior bondholders. european investors and investors in europe should be on notice as of today that you have to be more careful when you're investing in european banks and you should have known that long before the dutch finance minister said what he said...
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Mar 21, 2013
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the question is how much does the russian government want to put up? it would have to put up quite a lot of money if -- to avoid any real problems in cyprus to guarantee that this will happen. probably talking 6 billion euros would be needed to avoid any writedowns of these deposits. they will get that money back. the main reason they didn't get more money -- more money wasn't lent, it's grossly overin debted. you would have to consider it a gift. they have talked about reference. on the base of what we're hearing at the moment, it doesn't seem likely. that creates quite big questions for the west. cyprus is an important base. >> martin, thank you. appreciate your time today. >> pleasure. >> and a preview of what's coming up from new orleans. andrew? >> we are in the big easy he. we are talking mergers and acquisitions. we have the co-head coming after after this break. we'll talk to him after this short break. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform
the question is how much does the russian government want to put up? it would have to put up quite a lot of money if -- to avoid any real problems in cyprus to guarantee that this will happen. probably talking 6 billion euros would be needed to avoid any writedowns of these deposits. they will get that money back. the main reason they didn't get more money -- more money wasn't lent, it's grossly overin debted. you would have to consider it a gift. they have talked about reference. on the base...
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Mar 18, 2013
03/13
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they don't have a government. they're, in my view, unlikely to get a stable government for some time to come and they've got a hell of a lot of debt, about 130% of gdp. and there has been discussion there of having a wealth tax in order to try to reduce that huge debt burden of the italian state. that doesn't mean they have to have a deposit tax. there are other ways of having wealth taxes, which will be preferable. but that certainly is, i think, the biggest fallout risk from this. >> and is we're seeing that play out across markets. and you think as you've written that this amounts to legalized bank robbery. >> yes. >> what's happening in cyprus is an extraordinary and new and it sounds like something that should be illegal from your point of view. >> yes. what they've done is -- what they've done is they've found a work around. the deposit guarantee scheme. thee receipt cannily, up to 100,000 euros, you are guaranteed in cyprus. but what the government has done is taxed themselves them itself. and i think that'
they don't have a government. they're, in my view, unlikely to get a stable government for some time to come and they've got a hell of a lot of debt, about 130% of gdp. and there has been discussion there of having a wealth tax in order to try to reduce that huge debt burden of the italian state. that doesn't mean they have to have a deposit tax. there are other ways of having wealth taxes, which will be preferable. but that certainly is, i think, the biggest fallout risk from this. >>...
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Mar 20, 2013
03/13
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most home schoolers are left alone by the government. against home schooling. in those nations where it is illegal, home schoolers risk losing their children. two of the worst nations are germany and sweden. if you would like to see what it would be like if it was banned in america if it was banned, come to sweden. this family had to take their family to finland in exile. >> we were forced out of our country. that make as stronger impact than i can imagine. this is our country. now we are pushed away from it. >> sweden is the toughest places to home school. michael donnelly of the home school administration. president of the nordic committee for human rights calls it a dictatorship where social workers tell parents what to do. >> they claim to be a democracy, far from it. it is a dictatorship. social workers dictating how you live. children. >> this family lost custody of family and it is killing his wife. >> if we can't fix this soon, dominic will not have a mother anymore. >> russia is one of the freest nations in which to home school. family policy expert. >
most home schoolers are left alone by the government. against home schooling. in those nations where it is illegal, home schoolers risk losing their children. two of the worst nations are germany and sweden. if you would like to see what it would be like if it was banned in america if it was banned, come to sweden. this family had to take their family to finland in exile. >> we were forced out of our country. that make as stronger impact than i can imagine. this is our country. now we are...
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Mar 26, 2013
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we saw huge switching last year, and unfortunately we only have data through december thanks to our government, but the data has showed in november and december that started to come back when gas prices picked up. and from the data we can see that continues into this year. it's still on the margin. it's helpful. we're not going back to '07/'08 levels. directionally things look better. this was in the mid-20s just a couple of months ago with things looking not as good as they do today. that's the simple call. >> jim, thanks for your time. jim rollyson of raymond james. guy adami, would you step in here and buy btu? >> peabody's name i've owned. this is a little bit like playing the stock market. that i respect. it's an interesting call. the short answer is the stock action, nothing is indicated to me that it's ready for a turn yet. it will at some point. hasn't happened yet in my opinion. >> you're a chart turner on this stock. >> you don't have to understand technical analysis to understand every time it looks like a buyer shows up, ten sellers come along. here's the thing. it's an interesting
we saw huge switching last year, and unfortunately we only have data through december thanks to our government, but the data has showed in november and december that started to come back when gas prices picked up. and from the data we can see that continues into this year. it's still on the margin. it's helpful. we're not going back to '07/'08 levels. directionally things look better. this was in the mid-20s just a couple of months ago with things looking not as good as they do today. that's...
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Mar 26, 2013
03/13
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FOXNEWSW
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can the government be that parent? can the government teach people what it's like to be in a committed relationship and understand responsibility? the government can't love anybody? >> greg: how many fewer young men black or white would be in prison if they had a guy like carson as a dad? government can't replace somebody like that. mail role mod is the most important thing. no matter what they want you to think with the jewel what website, you can't replace it. he cryptonote. he -- kryptonites. they can't deal that he advocates achievement over dependents. a universal goal. >> eric: with the numbers and the carson outcome are so small, who is going -- going -- >> dana: the question about the government. in new york city alone, of the 124,000 babies born. something like 118,000, this is last year, born single parent families. the mayor didn't want them to drink large soda. but that is avoiding the real problem? >> kimberly: he has become a personal thing. he is ledge lating his own idiosyncracy to the rest of us and no
can the government be that parent? can the government teach people what it's like to be in a committed relationship and understand responsibility? the government can't love anybody? >> greg: how many fewer young men black or white would be in prison if they had a guy like carson as a dad? government can't replace somebody like that. mail role mod is the most important thing. no matter what they want you to think with the jewel what website, you can't replace it. he cryptonote. he --...
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Mar 19, 2013
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KPIX
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a fairly tense relationship between pope francis cardinal bergoglio, and argentina and the various governments there. >> reporter: that's right. observers look at the situation in argentina with cristina kirchner as somebody who could check her power. he's somebody that's against gay marriage somebody that's against extra sepgscontraception, and that goes against cristina kirchner.r.ner.r. when pwhe p opan s wcis wci announced during a congressional meeting with kirchner, they actually paused and they stopped to remember president hugo chavez. they did not stop and remember pope francis. so that just goes to tell you and to speak and honor pope francis. now, obviously president kirchner did come yesterday and met for 20 minutes before having lunch. she said that she got a kiss from pope francis to sort of mend the situation that has happened, that's been going on in argentina for many many years between really the government of argentina and the church. bergoglio has always been somebody who has spoken out against really self-absorbed politicians who some say cristina kirchner is. also, during
a fairly tense relationship between pope francis cardinal bergoglio, and argentina and the various governments there. >> reporter: that's right. observers look at the situation in argentina with cristina kirchner as somebody who could check her power. he's somebody that's against gay marriage somebody that's against extra sepgscontraception, and that goes against cristina kirchner.r.ner.r. when pwhe p opan s wcis wci announced during a congressional meeting with kirchner, they actually...
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Mar 25, 2013
03/13
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it's a fantasy government. you know, it's kind of a disneyland government. [laughter] nobodiments to take -- nobody wants to take it away. my wife refused to go to the vatican after the first few times. it's got beautiful treasures in there, but it's a great fortress is great treasures inside, and everywhere, paintings of the donation of con stan tine, the mystical giving of worldly power to the pope, painting on chairs of the bishop peter, which he never was, coats of arms of all of the noble popes who took over in the renaissance, and she said, you know, what could be more against the gospel of jesus than this earthly trumpeting of power and pride? it's not going to go away, but as i say, we really should start treating it with the disrespect it deserves. [laughter] >> is it possible for a church or religion to have structure with hierarchy, implied leadership? is it possible to have that without coming into a toal tearianism, and if so, is it possible to do that, and what would be the best structure? >> yeah. is it possible for a church not to have a high
it's a fantasy government. you know, it's kind of a disneyland government. [laughter] nobodiments to take -- nobody wants to take it away. my wife refused to go to the vatican after the first few times. it's got beautiful treasures in there, but it's a great fortress is great treasures inside, and everywhere, paintings of the donation of con stan tine, the mystical giving of worldly power to the pope, painting on chairs of the bishop peter, which he never was, coats of arms of all of the noble...
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Mar 22, 2013
03/13
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he's like a federal government official. not watch what he says but what he's doing. that's why i love the guy. look at him he can't stop smiling. neither can you. you're both great. thank you so much. now folks, a busy day and night on capitol hill. the senate is busy voting on amendment after amendment in their budget bill. we got two distinguished senators about to join us give us their take and later on the show why can't police departments get any ammunition while the department of homeland security has bought up 1.6 billion rounds in the past year. there's no ammo for handdowns, shot guns, rifles, for training. what's up with this or is the dhs in a form of gun control that the congress can't legislate? folks don't forget free market capitalism is the best path to prosperity. stanford university stopped its course. we'll hammer them for it later in the show. i'm larry kudlow. please stay with us. zap technology. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll
he's like a federal government official. not watch what he says but what he's doing. that's why i love the guy. look at him he can't stop smiling. neither can you. you're both great. thank you so much. now folks, a busy day and night on capitol hill. the senate is busy voting on amendment after amendment in their budget bill. we got two distinguished senators about to join us give us their take and later on the show why can't police departments get any ammunition while the department of...
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Mar 18, 2013
03/13
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government should not insure bank deposits. it's a tremendous moral hazard. one of the main reasons the banks make reckless loans. depositors don't care what the banks do with their money because the government's there. >> that's one of the guardrails to oversee these banks. >> but we don't need it. we didn't always have it. and there are other nations that don't have any deposit insurance and their banking system is much sounder than ours. >> they're asking depositors to pay for the bailout. >> no, no, no, no. there are no bailouts in those country. the countries that don't have deposit insurance have a healthier banking system. because we have this deposit insurance, american depositors don't care how reckless their banks are. the banks don't care because the depositors don't care. it's a terrible system. eventually it's going to implode. people who have money on deposit in u.s. banks are going to take huge losses one way or another. either they're going to lose their deposits, or their deposits are going to lose value because of all the inflation that's go
government should not insure bank deposits. it's a tremendous moral hazard. one of the main reasons the banks make reckless loans. depositors don't care what the banks do with their money because the government's there. >> that's one of the guardrails to oversee these banks. >> but we don't need it. we didn't always have it. and there are other nations that don't have any deposit insurance and their banking system is much sounder than ours. >> they're asking depositors to pay...
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Mar 19, 2013
03/13
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a lot of functions of the government will slow down. i think that is nothing we ought to be laughing about. bill: listen, all kidding to the side though, they expect 35,000 people on the south lawn of the white house for this, yet the public tours are closed. how expensive is it to have 35,000 people in one day you in as a member of congress can bring four family members. fine print says one of the family members has to be under the age of 13. just a contradiction that people see right now based on the policy of the white house that goes back, brad, to the closing of the tours, that in retrospect, might have been perhaps not the best decision. >> bill, to show how incompetent this white house is, you mean that the president can control a $3.6 trillion annual budget, he can manage a $16 trillion deficit, but somehow he can't figure out how to keep tours open for the american people? he can't even figure that out? how is he supposed to figure out all those other heady things bob is talking about the real serious decisions which he can't c
a lot of functions of the government will slow down. i think that is nothing we ought to be laughing about. bill: listen, all kidding to the side though, they expect 35,000 people on the south lawn of the white house for this, yet the public tours are closed. how expensive is it to have 35,000 people in one day you in as a member of congress can bring four family members. fine print says one of the family members has to be under the age of 13. just a contradiction that people see right now...
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Mar 20, 2013
03/13
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and the threat of a government shutdown next week is getting smaller. the senate today passing a continuing resolution that will fund the government until september 30th. the house is expected to pass it tomorrow. one less thing for the markets to worry about, i think. there was concern about this, you know, coming or approaching month's end. this was the first time they made a deal. they really had a deal done, how rodgers and barbara mccalsky in the senate had a deal. i cannot help myself, one of part of the deal is still in there and that is no funding for obamacare, that is no funding for obamacare, do you have a thought on that? >> i don't have a thought on that, it keeps getting kicked down the road over and over and over again. eventually we have to come to the table and have a discussion. it is going to be funded or not? >> tony, i think this is a good start, myself. i'm being truthful, i do not want to fund obamacare, i think the country can do better, what is your take on this? >> look, i think if the votes are there for it, they will find the
and the threat of a government shutdown next week is getting smaller. the senate today passing a continuing resolution that will fund the government until september 30th. the house is expected to pass it tomorrow. one less thing for the markets to worry about, i think. there was concern about this, you know, coming or approaching month's end. this was the first time they made a deal. they really had a deal done, how rodgers and barbara mccalsky in the senate had a deal. i cannot help myself,...
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Mar 19, 2013
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people rush to get their money before the government takes it away. we'll show you what's sending shock waves across the world. >>> 10 states about to get hit just 40 hours before the start of spring. >>> a big break in an infamous cold case. the largest art heist in history, half a billion dollars worth. tonight the public appeal from the fbi. that and tonight's monthly making a difference report. nightly ne "nbc nightly news" begins you now. >>> it appears we came very close to having to come on the air with a special report about the latest mass casualty disaster on a major college campus. this time it was on the sprawling campus of the university of central florida in orlando. police say a student was heavily armed with homemade explosives and an assault weapon. they say he had a plan of attack which he had initiated, but thankfully apparently someone saw something and said something, and tonight a huge tragedy has apparently been averted. nbc's mark potter starts us off from there tonight. >> it was shortly after midnight when the tara i dorm aft
people rush to get their money before the government takes it away. we'll show you what's sending shock waves across the world. >>> 10 states about to get hit just 40 hours before the start of spring. >>> a big break in an infamous cold case. the largest art heist in history, half a billion dollars worth. tonight the public appeal from the fbi. that and tonight's monthly making a difference report. nightly ne "nbc nightly news" begins you now. >>> it appears...
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Mar 18, 2013
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they are worried about this kind of government interference. you can't not tell me if you want a $22 minimum wage, currently minimum wage is $7.25. you're going to raise unemployment because these teenagers will never get a job. their skills aren't worth it. >> 90% of people making minimum wage are 20 years older and above. this isn't affecting teenagers. >> if they are unskilled, why pay for it? >> massachusetts and vermont have lower unemployment rates. look at arizona that have low minimum wage. they have the highest unemployment rates. the facts don't stack up for this argument. >> there are some people think government should make those decisions and some people, maybe the local owner of an autoship dealer should set the price. >> really? >> look at the national numbers. >> get to the moral argument. >> let me go back to this point. these kids, half can't get into college. half can't get into community college. they've got to work. if you stick them with a high minimum wage, business won't take, they will never get a job. >> we are not tal
they are worried about this kind of government interference. you can't not tell me if you want a $22 minimum wage, currently minimum wage is $7.25. you're going to raise unemployment because these teenagers will never get a job. their skills aren't worth it. >> 90% of people making minimum wage are 20 years older and above. this isn't affecting teenagers. >> if they are unskilled, why pay for it? >> massachusetts and vermont have lower unemployment rates. look at arizona that...
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Mar 26, 2013
03/13
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and the government can't help. but i know one crime fighting duo that happen to be perfectly suited to protect america from this surge in dogs and appliance violence. >> in a city where bad dogs and appliances are out of control. >> spraying the woman with bullets. >> only two cops can stop the madness [barking] ♪ but sometimes to enforce the rules, you've got to break them. >> you are a loose cannon dog and oven. $40 million worth of property damage, ten dead and dump on the mayor's rug schnur off the force. turn in your bag. pie is not going to cut it this time (bleep). what is that? a golden retriever and a toaster oven have taken hostages. looks like you clowns got one more chance. go get 'em, dogs! what the (bleep) are you waiting for? go. [horns honking] [tiring screeching] ♪ [barking] ♪ [guns firing] ♪ >> looks like i was wrong about you dog and oven. you are a good cop. who is say good cop. >> dog and oven tuesdays at 9:00. >> dammit you burned me again! >> jon: we'll be right b >> jon: welcome back
and the government can't help. but i know one crime fighting duo that happen to be perfectly suited to protect america from this surge in dogs and appliance violence. >> in a city where bad dogs and appliances are out of control. >> spraying the woman with bullets. >> only two cops can stop the madness [barking] ♪ but sometimes to enforce the rules, you've got to break them. >> you are a loose cannon dog and oven. $40 million worth of property damage, ten dead and dump...
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Mar 22, 2013
03/13
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the government could not rescue the banking system. there should have been losses accrued to the critters of the banks who took risk webs but there was a formula where they tried to sort of keep everybody more or less unhappy, but they created a very bad package which, obviously, is proving untenable. they're not going to have to fix it. >> but how can they fix it? >> well, the eu has given the cypriots up until next monday to come up with an alternative because apparently this package of 6.5% for those below 100,000 and 9.9% to those above is 00,000 was something that was decided by the cypriot authorities. for whatever reason led them to do that, it clearly was a bad idea because if you have the implicit guarantee those that have 100,000, remember, this is not a loss. it's a tax. so theoretically, authorities have the authority to actually collect taxes on whatever. except it is being perceived as an ex appropriation of the savings. so -- but this is cypriot. this is a cyprus problem. don't extend it to the euro. the euro is not in d
the government could not rescue the banking system. there should have been losses accrued to the critters of the banks who took risk webs but there was a formula where they tried to sort of keep everybody more or less unhappy, but they created a very bad package which, obviously, is proving untenable. they're not going to have to fix it. >> but how can they fix it? >> well, the eu has given the cypriots up until next monday to come up with an alternative because apparently this...
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Mar 20, 2013
03/13
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government was spending -- i mean, it doesn't make sense. michele bachmann made other claims that do not stand up as well. namely that a top adviser to then secretary of state clinton may be under the sway of the muslim brotherhood. that drew sharp criticism at the time. republican colleagues including john mccain called her out on it publically. we invited michele bachmann to come on the program to talk abouter her latest allegations. she declined. the invitation stands open n. the meantime dana bash tried keeping them honest and joins us. you had to chase down the congresswoman. what did she tell you? >> last time i ran after michele bachmann on one of the issues i told you the bad news is she can walk fast in heels. the good news is so can i. h this time she was moving so fast it tested my endurance. i told her i wanted to talk about her speech at cpac, about questionable accusations made about the president's lavish lifestyle. here's how it went. >> i want to ask you is that you said -- you talked about the excesses that he's engaged in,
government was spending -- i mean, it doesn't make sense. michele bachmann made other claims that do not stand up as well. namely that a top adviser to then secretary of state clinton may be under the sway of the muslim brotherhood. that drew sharp criticism at the time. republican colleagues including john mccain called her out on it publically. we invited michele bachmann to come on the program to talk abouter her latest allegations. she declined. the invitation stands open n. the meantime...
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Mar 18, 2013
03/13
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that's antithetical to your philosophy, which is minority voters largely accept a greater degree of government intervention than republicans can accept. that being said, i want to answer your question directly so i'll offer and you philosophical and policy example. on the philosophical level, you must communicate that the economic philosophy of republicans has caused a massive amount of wealth for everyone. and education is ripe if reform and republican principles are perfect for minority voters. >> should i let you weigh in? >> i'm sorry. >> why are you laughing? >> you're laughing at education. expound upon your laughter on education. >> well, because its s's ridicus to try to think that the party who tried to get rid of the department of education is the one who wants to push education. it's ridiculous to think the tent that wanted to gut the teachers union want to push education. the party that wanted to take funding away from education is now the party in favor of education. that's reason i started laughing. >> those policieses worked well for you over the last 40 years. those schools tha
that's antithetical to your philosophy, which is minority voters largely accept a greater degree of government intervention than republicans can accept. that being said, i want to answer your question directly so i'll offer and you philosophical and policy example. on the philosophical level, you must communicate that the economic philosophy of republicans has caused a massive amount of wealth for everyone. and education is ripe if reform and republican principles are perfect for minority...
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Mar 21, 2013
03/13
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they're afraid to come forward, a lot of them work for the government. i want the families to know what happened that night and american people know what happened on the ground. and look at pushing susan rice's story, this was by a hateful event crumbled. who did they ask from, why was snow help provided. >> greta: you think you can ask the survivors to the extent you get to know them and that's an issue to get their names. but the house of representatives, your party is in the majority and for whatever reason hasn't issued subpoenas for that information. you know, they could issue subpoenas and demand people come forward. >> i believe the attitude of the house leadership is changing when it comes to benghazi, they're going to be more aggressive. you make a good point u i've written cia director brennan, secretary of state john kerry provide the names to the congress and interview them and see what happened. the story told by the white house after the attack doesn't hold water. >> greta: everyone writes letter. letters never get answered unless you're in
they're afraid to come forward, a lot of them work for the government. i want the families to know what happened that night and american people know what happened on the ground. and look at pushing susan rice's story, this was by a hateful event crumbled. who did they ask from, why was snow help provided. >> greta: you think you can ask the survivors to the extent you get to know them and that's an issue to get their names. but the house of representatives, your party is in the majority...
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Mar 18, 2013
03/13
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so the government has been signaling other moves in other stocks. so i like to buy things on a bargain when i go shopping. now is a great time to sit and do fundamental analysis. >> that is the huge caveat. this is not going and picking randomly through stocks. you have to really know the stuff inside out before you get involved. >> you have to do work to make money. what a concept. no, i agree. >> do you like french banks. >> i don't have any particular view on one general sector. it's bank by bank by bank. there's no easy trade here. >> are there any banks that you like in france. >> i don't have any off the top of my head right now. there's an italian company with 17% of the revenue comes from italy. so it's going to get sold down in the italian market. a german robotics company. a lot of revenue comes from outside the eu. it is giving a sale. it's really a great find. >> any hedging currency based on the dollar to the euro? >> yes. we go long and short. so on the net currency we tend to hedge it, yes. >> when you compare europe to the united sta
so the government has been signaling other moves in other stocks. so i like to buy things on a bargain when i go shopping. now is a great time to sit and do fundamental analysis. >> that is the huge caveat. this is not going and picking randomly through stocks. you have to really know the stuff inside out before you get involved. >> you have to do work to make money. what a concept. no, i agree. >> do you like french banks. >> i don't have any particular view on one...
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Mar 21, 2013
03/13
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government -- u.s. economy's improving. but we still have fundamental issues in the structure of our economy, imbalances. we are not out of the woods yet. we're not in self-sustaining recovery. we need to start to see that to become increasingly more bullish on the financial markets. >> that was really good. you're a good double act. we should have you on more. thank you both. brian and chad. have great days. >>> seven years ago today twitter co-founder jack dorsey sent the first tweet writing just setting up my twitter. since then the media giant has become a staple for millions. it has transformed the way people communicate so what could twitter do in the next seven years? tweet us @squawkstreet. >>> the market is accelerating downward, now down 67 points. let's get a "market flash" from josh back at hq. >> juniper networks is under pressure this morning. analysts at fbr not fans saying we are the end of an era as routers and switches are set to decline. fbr downgrades juniper and cisco toeon perform. the company's fbr sa
government -- u.s. economy's improving. but we still have fundamental issues in the structure of our economy, imbalances. we are not out of the woods yet. we're not in self-sustaining recovery. we need to start to see that to become increasingly more bullish on the financial markets. >> that was really good. you're a good double act. we should have you on more. thank you both. brian and chad. have great days. >>> seven years ago today twitter co-founder jack dorsey sent the first...
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Mar 19, 2013
03/13
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>>> in cypress residents, protested a plan this could drain their bank accounts under the plan the government could seize 10% of savings accounts banks have been closed but there has been a run on atm machines. >>> jerusalem, preparations under way for president obama's visit his first to israel he is scheduled to leave tomorrow. while the signs are out in israel that is not the case in palestinian territory. protestors tore down a billboard with the president's picture. he is expected to meet with israeli and palestinian leaders but not offer a grand peace plan. >>> in canada police arrested four people wanted in a daring daylight escape from a prison outside montreal yesterday. two men hijacked a helicopter and forced the pilot to fly over a prison where they dropped down a rope. two inmates climbed onboard. three suspects were captured and another arrested nearby. >>> incredible stunt captured on camera. why they decided to pull off this stunt very early in the morning. >>> tracking rain at 10:45 p.m. he will pinpoint the exact timeline. >>> san francisco, looking at a high tech way to mak
>>> in cypress residents, protested a plan this could drain their bank accounts under the plan the government could seize 10% of savings accounts banks have been closed but there has been a run on atm machines. >>> jerusalem, preparations under way for president obama's visit his first to israel he is scheduled to leave tomorrow. while the signs are out in israel that is not the case in palestinian territory. protestors tore down a billboard with the president's picture. he is...
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Mar 26, 2013
03/13
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we all want a smaller government and more efficient government. we also want to make sure our government is there to stand up for people and members of our society in need. be they senior citizens, veterans or be students. >> i want to ask you about something else, amy. one person closely associated with the tea party movement, congresswoman michele bachmann. several workers on the 23012 preside -- 2012 campaign are facing an ethics probe for improper transfer of campaign funds. there is no allegation that she did anything wrong, but, still, the woman who led the tea party caucus, it can't be good. >> i would say this is just the beginning, let the investigation run its course, see what comes out. she has not been found guilty, no one has been found guilty yet. i am sure they will do their due difficu diligence to get to the bottom of it? >> does the tea party support michele bachmann? >> yes, she is a strong fiscal conservative. i don't think she has lost that support. >> amy, if you think michele bachmann is a credible spokesperson or strong fis
we all want a smaller government and more efficient government. we also want to make sure our government is there to stand up for people and members of our society in need. be they senior citizens, veterans or be students. >> i want to ask you about something else, amy. one person closely associated with the tea party movement, congresswoman michele bachmann. several workers on the 23012 preside -- 2012 campaign are facing an ethics probe for improper transfer of campaign funds. there is...
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Mar 19, 2013
03/13
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so i think this new government is a real plus for changes in the chinese government that will be a big advantage, especially in the economics in the area of currency convertibility. i think you're going to see a lot of opening up of the chinese capital markets over the next coming years. >> and is on that score, if you're lew, how do you approach that issue, currency? >> well, the u.s. has always been pressing for opening of the capital markets, partly because the u.s. represents have had backing from wall street and the investment banks. but now, the chinese have a reason to do it on their own. they have $3.5 trillion worth of foreign reserves. they have to find a way toni vest those assets over the coming decades. they have to be invested in other countries in order to not put pressure on the currencies, which means they need cooperation of government. the u.s., in turn, needs the chinese government to continue holding the debt that they own and, as we can see from projection would be to buy a lot more of it. i think both of those things will happen. but currency, cop veteranbility,
so i think this new government is a real plus for changes in the chinese government that will be a big advantage, especially in the economics in the area of currency convertibility. i think you're going to see a lot of opening up of the chinese capital markets over the next coming years. >> and is on that score, if you're lew, how do you approach that issue, currency? >> well, the u.s. has always been pressing for opening of the capital markets, partly because the u.s. represents...
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Mar 22, 2013
03/13
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you know, if the company is doing fine, there's no governance issues, you don't have a problem. if you've got a problem, it's time to separate the two. >> exactly. >> by the way, i forgot to wish you happy world water day. >> oh, thank you so much. and to you as well. >> thank you so much. no one has the day off, there are no hallmark cards for this day, but this is an opportunity to look at companies that are looking to conserve water and make money doing it at the same time. >> yes, it is. and bertha coombs has the story of an oil man using water no one can ever use again for fracking. bertha? >> that's right, maria. the drought in texas is now entering its third year and it's grown more severe as the water-intensive fracking boom has exploded in the lone star state. you can see the orange and the red, that's extreme drought in 90% of the state. now, a couple of oil and gas veterans think they've found a win-win solution. tiny alpha solutions is tapping into the one source of water that is growing in texas, municipal waste water. they've contracted to buy the effluent that's n
you know, if the company is doing fine, there's no governance issues, you don't have a problem. if you've got a problem, it's time to separate the two. >> exactly. >> by the way, i forgot to wish you happy world water day. >> oh, thank you so much. and to you as well. >> thank you so much. no one has the day off, there are no hallmark cards for this day, but this is an opportunity to look at companies that are looking to conserve water and make money doing it at the same...
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Mar 26, 2013
03/13
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clinton writes, she has person identified good, honored and effective government. guard setty was an early supporter. he was the top vote getter. joining me now live, senior political editor mark murray. it has been noted the clintons are loyal to those who have been loyal to them. is that why we're seeing the former president get into this race? >> absolutely. it is standard operating procedure for a politician. you want to reward those who were good to you and helped you along the way. of course, that famous obama/hillary fight was five years ago and we're still kind of talking about it and seeing the reverberations. wendy greuel, eric garcetti. it is a very strong relationship between president obama and his former secretary of state. five years later you have these obama/hillary clinton proxy wars popping up. this is the latest example. >> this is also an example, a remind per bill clinton is willing to get even into a mayoral race and larger statewide races and maybe even a presidency soon. >> well, right. he has played key roles in 2010 primaries, 2012 ones,
clinton writes, she has person identified good, honored and effective government. guard setty was an early supporter. he was the top vote getter. joining me now live, senior political editor mark murray. it has been noted the clintons are loyal to those who have been loyal to them. is that why we're seeing the former president get into this race? >> absolutely. it is standard operating procedure for a politician. you want to reward those who were good to you and helped you along the way....
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Mar 25, 2013
03/13
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there is still no government. bersani right now is trying to see whether he can form a government. what is the most likely outcome in italy? and how long are investors in terms of looking at italian spreads likely to be pretty relaxed about it? >> well, i don't think they're relaxed. it's just a wait and see. >> price action. >> price action is following all the other price actions. i mean, the cyprus deal, we've seen even in the asian stock exchanges positive all over the world. obviously, italy, it's reacting positively and negatives against the general situation. >> yeah. >> today, it's positive all over. because whatever the deal is good or bad, it doesn't matter. we got a deal. the euro has been fine and so of. for what concerns the italian political stock, it's still a good question mark. so far, we think we're going to have a government sooner than later. and then we'll see if it's going to work or not. >> you think a government without another election is possible, they can bring together a coalition at the moment without an election? >> well, it really sdpents who they're
there is still no government. bersani right now is trying to see whether he can form a government. what is the most likely outcome in italy? and how long are investors in terms of looking at italian spreads likely to be pretty relaxed about it? >> well, i don't think they're relaxed. it's just a wait and see. >> price action. >> price action is following all the other price actions. i mean, the cyprus deal, we've seen even in the asian stock exchanges positive all over the...
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Mar 25, 2013
03/13
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if we go back to july of last year when we had the draghi speech, an important component was german government support overruling the bank and supporting the ecb. and now if they're taking a tough line, there's ambiguity there. >> so there still may be worse things happening in the eurozone. so in terms of the trade or a trade, where do you see the euro going? after it's broken the 200-day moving average went to levels we didn't see last week, even when there was so much uncertainty surrounding cyprus, is there a floor here for the euro? >> i don't think it's going to go that much lower. it's already taken a lot of pain. and the outcome was terrible for cyprus people, bank investors, for the rest of europe it's really not that important. but what i do think it does is make europe and euro much more susceptible to any kind of negative shock. if you're an investor in anything but a prime institution, the first thing you're going to think about is get my money out. and if you're a policy maker, the first thing you're going to ask is when should the gates get shut? >> right. steve, thanks for comi
if we go back to july of last year when we had the draghi speech, an important component was german government support overruling the bank and supporting the ecb. and now if they're taking a tough line, there's ambiguity there. >> so there still may be worse things happening in the eurozone. so in terms of the trade or a trade, where do you see the euro going? after it's broken the 200-day moving average went to levels we didn't see last week, even when there was so much uncertainty...
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Mar 21, 2013
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he's just been reelected, but cobbled together a coalition government. is there any hope in a less perhaps hawkish team that he might be able to be encouraged to enter some kind of discussion? >> martin, this is a very fragile coalition. the priorities are domestic politics and the iranian threat. prime minister netanyahu -- i'm being blunt -- is more interested in creating facts on the ground and creating settlements on the ground than cansling out the possibility of a palestinian state. he's already won against the president. why so the prime minister and his fragile coalition engage in peace talks whereby they do nonwant to stop settlements? i would argue in the next four years, the term of the next president obama, hardly anything will take place on the peace process. >> that's very discourages fawaz georges, thank you for joining us. we'll be right back. ♪ ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal retirement review. plays a
he's just been reelected, but cobbled together a coalition government. is there any hope in a less perhaps hawkish team that he might be able to be encouraged to enter some kind of discussion? >> martin, this is a very fragile coalition. the priorities are domestic politics and the iranian threat. prime minister netanyahu -- i'm being blunt -- is more interested in creating facts on the ground and creating settlements on the ground than cansling out the possibility of a palestinian state....
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Mar 18, 2013
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and they have pressurized the government to accept these terms. so either take it or leave it situation. our president, who's been in power for three weeks, was left with absolutely no choice -- >> luke, let me interrupt you right quick. i realize we've got this audio delay. i think the question we're all asking is are you able to run your business given the fact that banks will be closed until thursday? what is the expectation for normal business there if you don't have any banks open until thursday? >> what's your plan? what's your plan? >> i mean, until thursday i think we can all cope. i don't think there's a major issue until thursday. the atm seems to be working up to a point. what's happened with the current accounts, the central bank has frozen really about 9% over our current account or seem to have frozen these amounts. so anything beyond that you can take out of the atms. business will not be moving. we don't expect anything to be moving this week. so the demand for cash flow i don't think will be there. it's people are still in shock.
and they have pressurized the government to accept these terms. so either take it or leave it situation. our president, who's been in power for three weeks, was left with absolutely no choice -- >> luke, let me interrupt you right quick. i realize we've got this audio delay. i think the question we're all asking is are you able to run your business given the fact that banks will be closed until thursday? what is the expectation for normal business there if you don't have any banks open...
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Mar 20, 2013
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forcing governments, in this case the government in cyprus to look elsewhere. again, do we want europe -- talking to the russian government about getting financial assistance, to get out of the blackmail in europe. this is very peculiar. >> it sounds to me like the decision you would like to see is one that ends up bailing out russian depositors in the banking system. those who are not insured. is that a bailout that you think is the right one? and one that should be approved by, for example, by german taxpayers or paid for by german taxpayers? >> so this is the rhetoric you refer to is precisely part of the rhetoric that has been distractive in handling the crisis in the last three years. first of all, confiscating deposits in a banking system is not the proper way to deal with anything. and this is what the european governments have proposed. second of all, we're not talking about making a gift to anybody. when the government of cyprus is out of market and cannot finance its own needs from international markets, under the circumstances, other countries throug
forcing governments, in this case the government in cyprus to look elsewhere. again, do we want europe -- talking to the russian government about getting financial assistance, to get out of the blackmail in europe. this is very peculiar. >> it sounds to me like the decision you would like to see is one that ends up bailing out russian depositors in the banking system. those who are not insured. is that a bailout that you think is the right one? and one that should be approved by, for...
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Mar 25, 2013
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as i've said many times, lower spending and limited government, including government jobs, is good for the private economy. that is the real engine of the economic prosperity. >>> plus the supreme court this week will hear two important cases concerning same sex marriage. shouldn't the black robe masters leave the important social decisions to the states and their democratically elected legislatures or referenda? let the people decide. "the kudlow report" begins right now. >>> first up, in recent weeks, he's become a conservative super hero icon. that following his triumphant speeches at the national prayer service and the cpac political conference. dr. ben carson has a message to roll back obama care, deal with the crushing national debt, and even a bib llically based call r a flat tax. that's what i love. is he the conservative that can save the gop? here is the aforementioned dr. ben carson. director of the pediatric division at john hopkins university. and with us this hour, cnbc contributors keith boykin. as always, dr. carson, great to see you. i'm reading one of many articles th
as i've said many times, lower spending and limited government, including government jobs, is good for the private economy. that is the real engine of the economic prosperity. >>> plus the supreme court this week will hear two important cases concerning same sex marriage. shouldn't the black robe masters leave the important social decisions to the states and their democratically elected legislatures or referenda? let the people decide. "the kudlow report" begins right now....
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Mar 26, 2013
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the success is in government. and that's a terrible thing to be lever to right now. universities, too. ooh, not so hot. plus, big european exposure. ooh, no thanks! so when the stock kept going down and down and down before michael dell's original proposal took the company private, it seemed like a perma short, except for its nicel balance sheet that could be used to make more acquisitions to try to slowly reposition the company. we all know michael dell had talked about taking his company private and if it got too low. and i guess 8 bucks where it bottomed was too low. but the beauty clearly in the eye of the beholder here and i figure only michael dell would seriously entertain the motion his company would be beautiful to many. hence, why i thought there was no way this was going back to the mid teens on its own. i figured he's a billionaire, building a company can. but does michael dell believe he can do more things privately to make his company stand out than publicly? he's willing to sacrifice forever to build value and has not succeeded. will being private make
the success is in government. and that's a terrible thing to be lever to right now. universities, too. ooh, not so hot. plus, big european exposure. ooh, no thanks! so when the stock kept going down and down and down before michael dell's original proposal took the company private, it seemed like a perma short, except for its nicel balance sheet that could be used to make more acquisitions to try to slowly reposition the company. we all know michael dell had talked about taking his company...
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Mar 19, 2013
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governing bodies will be necessary for the day after. for those people who are left holding the bag, what has become basically a sectarian war, to put back a government. it is a critical lesson and a police take we cannot ever make again. >> as we look back and relitigate the war in iraq, i think it is easy to say on its face, it was a clear mistake and we'll never do this again, how could we do this. let's not forget that. a lot of democrats voted for this war. including hillary clinton. that's what i want to ask you about it. she voted for the iraq war resolution in 2002. 2007, refused to see that vote as a police take. she has defended that since. i'm wondering if you think that is going to be a political problem for her. in 2016 if she ends up running. >> let me say a couple things. having been in the white house i realize how hard it is to govern and to make these national security decisions. it is not black and white and it never is. it never will be. i have more sympathy for the people involved than i would four years ago. with re
governing bodies will be necessary for the day after. for those people who are left holding the bag, what has become basically a sectarian war, to put back a government. it is a critical lesson and a police take we cannot ever make again. >> as we look back and relitigate the war in iraq, i think it is easy to say on its face, it was a clear mistake and we'll never do this again, how could we do this. let's not forget that. a lot of democrats voted for this war. including hillary clinton....